Texas, Florida are affordability havens for homebuyers: Zillow
Rising inventory and slowing home price growth have made Austin, San Antonio, Tampa, Orlando and Jacksonville some of the best markets for buyers, according to Zillow's Market Heat Index
by Marian McPherson May 15
While banks pull out, investment funds double down on real estate
Multiple funds told Reuters they planned to increase their credit exposure to property as banks back off from commercial real estate
by Ben Verde May 15
Ullman Group launches into luxury with aid from Christie's Real Estate
A collaboration with Christie's International Real Estate Sereno has helped Ullman Group founder Cody Ullman get his new niche luxury brokerage off the ground and gain a foothold in California
by Lillian Dickerson May 15
Back in growth mode, Better is hiring again but still in the red in Q1
The lender boosted mortgage volume 25% from Q4 but suffered a $51M loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better's future 'lies in Uberizing the loan officer'
by Matt Carter May 15
Demand for vacation homes plummeted in 2023
United States homebuyers took out 90,772 mortgages for second homes in 2023 — 40% fewer than they did in 2022
by Ben Verde May 13
Multifamily developer sentiment slips during Q1
According to NAHB, multifamily developers are feeling less confident in the market for new builds as high interest rates lead to difficult lending conditions
by Ben Verde May 10
Engel & Völkers Americas launches Real Estate Sentiment Index
The index is based on about 250 responses collected each month from the firm's real estate professionals across the US, Canada, Caribbean and Mexico
by Lillian Dickerson May 10
UWM hiring 'hundreds' as mortgage originations surge 24%
United Wholesale Mortgage's $180.5M in net earnings were boosted by the sale of $70B in mortgage servicing rights (MSRs) and a $141M markup in the value of the $230B in MSRs retained
by Matt Carter May 9
Report reveals struggle LGBTQ+ buyers face after retirement
An LGBTQ+ Real Estate Alliance survey has revealed the challenges of retirement for LGBTQ homeowners, who worry about safety and acceptance more than their straight counterparts
by Marian McPherson May 9
More US mortgages are 'seriously underwater' as equity dwindles
The share of seriously underwater mortgages moved up slightly from 2.6% to 2.7% in Q1, according to a report from Attom released Thursday
by Ben Verde May 9
Redfin CEO trying not to 'count chickens' after solid Q1 earnings
A solid Q1 earnings report has Redfin CEO Glenn Kelman feeling confident. However, persistent market headwinds are keeping the CEO from being too bullish
by Marian McPherson May 9
Here's who sank and who soared in Q1 2024 earnings
Real estate’s Q1 earnings are in. From CoStar’s revenue surge to Opendoor’s slump, we have all of the highs and lows
by Jessi Healey May 9
Mortgage demand picks up as rates retreat from 2024 highs
Some borrwers were quick to spring into action, with applications for purchase loans rising by a seasonally adjusted 2% and requests to refinance up 5% week over week, MBA survey shows
by Matt Carter May 8
Low-income buyers' mortgage applications drop to 2018 levels
Households with a median income of $64K or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11% from 2020 to 2023
by Marian McPherson May 8
Compass posts revenue spike and increases agent count in strong Q1
The real estate brokerage also managed to trim losses and achieved positive free cash flow for the first time ever in a first quarter, according to an earnings call Wednesday afternoon
by Jim Dalrymple II May 8
Former RE/MAX Northwest CEO moves Austin team to Compass
Matt van Winkle served as chief executive officer of RE/MAX Northwest from 2011 until 2022 and will now lead a Compass team
by Ben Verde May 8